Facebook to Pay Symbolic Fine in Cambridge Analytica Settlement

Facebook Inc. agreed to pay a fine of 500,000 pounds ($644,000) to end a U.K. privacy probe in the wake of the Cambridge Analytica scandal.

The social network giant has withdrawn its appeal of the fine levied last year, settling the case without any admission of guilt, the U.K. Information Commissioner’s Office said in a statement on Wednesday.

“We are pleased to hear that Facebook has taken, and will continue to take, significant steps to comply with the fundamental principles of data protection,” James Dipple-Johnstone, deputy commissioner at the ICO said. “With this strong commitment to protecting people’s personal ...